MetLife said net income for Q2 2025 fell 23% to $698 million, and adjusted earnings declined 16% to $1.4 billion. The company cited higher net derivative losses and lower adjusted earnings as the main drivers of the decline in net income.

1. 01

   MetLife said net income for Q2 2025 fell 23% to $698 million, and adjusted earnings declined 16% to $1.4 billion. The company cited higher net derivative losses and lower adjusted earnings as the main drivers of the decline in net income.

2. 02

   The company said premiums, fees and other revenues (PFOs) for Q2 fell 6% to $12.7 billion, while adjusted PFOs excluding pension risk transfers (PRT) rose 5% to $12.4 billion. It said net investment income increased 9% to $5.7 billion.

3. 03

   Metlife said adjusted earnings for Q2 were $400 million at Group Benefits (down 25%), $350 million at Asia (down 22%) and $100 million at EMEA (up 30%). The company cited less favorable underwriting across life and non-medical health products as the reason for the decline at Group Benefits.

4. 04

   The company said it returned approximately $900 million to shareholders through share repurchases and common stock dividends in Q2. Holding company cash and liquid assets totaled $5.2 billion at quarter end.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.